Caisse DE Depot ET Placement DU Quebec Purchases Shares of 131,795 Box, Inc. (NYSE:BOX)

Caisse DE Depot ET Placement DU Quebec bought a new stake in Box, Inc. (NYSE:BOX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 131,795 shares of the software maker's stock, valued at approximately $4,314,000. Caisse DE Depot ET Placement DU Quebec owned 0.09% of BOX at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FORA Capital LLC acquired a new stake in shares of BOX during the third quarter valued at about $1,377,000. Glenmede Trust Co. NA grew its stake in BOX by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker's stock valued at $1,116,000 after purchasing an additional 535 shares in the last quarter. Bridgewater Associates LP increased its holdings in BOX by 15.4% during the 3rd quarter. Bridgewater Associates LP now owns 113,272 shares of the software maker's stock worth $3,707,000 after purchasing an additional 15,119 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of BOX in the 3rd quarter valued at approximately $2,021,000. Finally, Quantbot Technologies LP purchased a new position in shares of BOX during the 3rd quarter valued at approximately $2,859,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insider Activity at BOX

In other news, Director Jack R. Lazar sold 2,500 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares in the company, valued at $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $32.52, for a total value of $422,760.00. Following the transaction, the chief financial officer now directly owns 1,474,509 shares of the company's stock, valued at $47,951,032.68. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,500 shares of company stock worth $1,711,135 in the last 90 days. Corporate insiders own 4.10% of the company's stock.

BOX Stock Down 2.1 %

BOX stock traded down $0.74 during mid-day trading on Tuesday, hitting $34.37. 2,656,845 shares of the company's stock traded hands, compared to its average volume of 1,797,462. Box, Inc. has a one year low of $23.29 and a one year high of $35.74. The firm has a 50 day moving average price of $33.04 and a 200 day moving average price of $29.79. The company has a market cap of $4.92 billion, a PE ratio of 43.51 and a beta of 0.86.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BOX. StockNews.com raised shares of BOX from a "buy" rating to a "strong-buy" rating in a report on Thursday, August 15th. Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. Morgan Stanley boosted their price objective on BOX from $30.00 to $33.00 and gave the company an "equal weight" rating in a report on Thursday, September 5th. William Blair reaffirmed an "outperform" rating on shares of BOX in a report on Thursday, November 14th. Finally, Monness Crespi & Hardt upgraded BOX to a "hold" rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $31.22.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.